A Pennsylvania state Senate committee passed amended impact fee legislation on Monday that returned an impact fee to the bill, added environmental safeguards and changed the way the bill would govern local ordinances over oil and gas drilling.
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A study by the Global Labor Institute at Cornell University counters recent claims by TransCanada Corp.’s CEO Russ Girling that the controversial Keystone XL oil pipeline from the Alberta-U.S. international border to refineries in the Gulf of Mexico (GOM) region could create as many as 20,000 new jobs.
The market still has little on which to lean in the way of supportive weather; tropical activity in the Atlantic Basin has disappeared entirely for the time being, and except for some positive developments imminent in the Rockies, available storage injection capacity continues to tighten as the season enters its final weeks. Still, the somewhat implausible rally that began Monday was sustained through Tuesday at nearly all locations.
A potential market for growing gas supplies from the Marcellus Shale — Eastern Canada — could be in jeopardy as resistance to U.S. sourced gas grows among Canadian producers while Canadian landowners object to pipeline plans and a pipeline flow reversal project stumbles with regulators.
West Virginia believes it can support a chemical industry even if plans to ship Appalachian ethane to Canada and the Gulf Coast come to fruition, an official told a Pittsburgh-area audience Wednesday.
As Japan struggled Monday to prevent a catastrophe at nuclear reactors crippled by the earthquake and tsunami that struck the country last week, both Russia and Qatar said they were willing and able to step in with supplies of liquefied natural gas (LNG) to take up the slack for lost power generating capacity.
The price rally that had begun Monday didn’t reverse entirely but appeared to be losing some steam Wednesday. More than a few points were able to extend previous gains by small amounts, but even more were faltering due to declining heating load in some areas and the previous day’s downturn of 6.3 cents by April futures.